Market Matters Afternoon Report Friday 20th May 2016

Afternoon Report 20/05/2016

Market Matters Afternoon Report Friday 20th May 2016

Good Afternoon everyone

**Please note** We have had trouble with our data feed. This report is brief as a result. Watch out for the more comprehensive weekend report on Sunday**
What Mattered Today
The Australian sharemarket recorded its sixth consecutive week of gains closing at 5351, despite its US counterpart falling to its lowest since level March. Although falling short of last week's highs above 5400, the benchmark managed to increase 0.5 percent. It was not, however, a broad-based gain with four sectors finishing in the red- utilities, industrials, consumer discretionary and telcos. Healthcare, mining, energy, financial, consumer staples and information technology stocks recorded gains.

ASX Intra Day

XJO up 0.5% for the day and up 0.4% for the week

Oil Search Chart

OSH buys InterOil for US$2.2b…. traded as high as $7.29, only to end the day -1.2% to $6.83.

Sai Global Chart

SAI Global (SAI) lost 6.2% to $3.50 after downgrading its FY earnings by ~7%.

Dominos Pizza Daily Chart

Domino’s Pizza (DMP) closed at historical highs today, up 4.9% to $70.29

Stocks and Sectors Today

Source; Bloomberg

Regards,

The Market Matters Team
Level 12 28-34 O'Connell St
Sydney, NSW 2000.

All figures contained from sources believed to be accurate. Market Matters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 20/05/2016. 5:00PM.

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